Indiana XCEL Solutions Life & Health Insurance | Questions with Verified Answers | 100% Correct| Latest 2025/2026.

Indiana XCEL Solutions Life &
Health Insurance | Questions with
Verified Answers | 100% Correct|
Latest 2025/2026.
Question:

P is a producer who is licensed in Indiana , but a resident of Michigan . In
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Indiana , P is considered to be a ( n ) __________ producer .?
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Answer:

nonresident . i,-




Question:

Why would the Insurance Commissioner issue a temporary license ??
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Answer:

To allow the personal representative of a deceased producer to provide
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service to existing policyowners i,- i,- i,-




Question:

Which provision is NOT a requirement in a group life policy ??
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Answer:

Accidental


Question:

,A ( n ) _________ beneficiary may be changed by the policyowner WITHOUT
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the consent of the beneficiary .?
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Answer:

Revocable


Question:
Which of the following provides funding for the Indiana Life and Health
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Insurance Guaranty Association ?? i,- i,- i,-




Answer:

Member company assessments i,- i,-




Question:

What is the name of the law that requires insurers to disclose information
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gathering practices and where the information was obtained ??
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Answer:

Fair Credit Reporting Act
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Question:

Any changes made on an insurance application requires the initials of
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whom ?? i,-




Answer:

Applicant



Question:

, An individual working part - time has an annual income of $ 25,000 . If
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this individual has an IRA , what isthe maximum deductible IRA
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contribution allowable ?? i,- i,-




Answer:

$ 6,000
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Question:

With whom may a producer share commissions with ??
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Answer:

Anyone the producer deems appropriate i,- i,- i,- i,-




Question:

To be eligible for Social Security disability benefits , an employee must be
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unable to perform :? i,- i,- i,-




Answer:

any occupation i,-




Question:

A Universal Life policy is sometimes referred to as an unbundled Life
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Policy because the owner can see the interest earned , cost of insurance ,
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and the? i,-




Answer:

expense charges i,-




Question: